13 Jan 2016
Beige Book: Labor markets continue to improve, little wage and prices pressure
FXStreet (Córdoba) - The US economy continued to expand at a modest pace according to the Beige Book. Activity expanded in 10 of the 12 Fed Districts since late November, boosted by consumer spending and a tightening labor market.
New York and Kansas City described economic activity as essentially flat but contacts were "upbeat" in Boston.
Labor markets continued to improve, according to the report, with employment increases evident in reports from seven Districts while four Districts mentioned signs of labor market tightening. However, most Fed regions reported little overall change in wage and price pressures, with wage increases running from flat to moderate, while price increases tended to be “minimal”.
Beige Book was prepared at the Federal Reserve Bank of Philadelphia and based on information collected on or before January 4, 2016. It will be used for assessment in the FOMC Jan 26-27 meeting.
New York and Kansas City described economic activity as essentially flat but contacts were "upbeat" in Boston.
Labor markets continued to improve, according to the report, with employment increases evident in reports from seven Districts while four Districts mentioned signs of labor market tightening. However, most Fed regions reported little overall change in wage and price pressures, with wage increases running from flat to moderate, while price increases tended to be “minimal”.
Beige Book was prepared at the Federal Reserve Bank of Philadelphia and based on information collected on or before January 4, 2016. It will be used for assessment in the FOMC Jan 26-27 meeting.